Food delivery aggregator Zomato has opened its ₹8,500 crore Qualified Institutional Placement (QIP) offering, with a floor price set at ₹265.91 per equity share.
The indicative price has been set at ₹252.62 per share, representing a 7.6% discount to Tuesday’s closing market price of ₹272.9 per share. A total of 3.8% equity, or 33.65 crore shares, is on offer.
Additionally, Zomato CEO Deepinder Goyal has voluntarily extended his ₹3.5 crore salary waiver until the end of the financial year 2026 (FY26). Initially, Goyal had announced in FY21 that he would forgo his salary for 36 months, lasting until FY24, according to the company’s QIP documents.
ShareChat reduces adjusted EBITDA losses by 67%; eyes IPO in 18–24 months
Homegrown social media platform ShareChat has reported becoming fully profitable, achieving over a 15% EBITDA margin following a 33% revenue growth in FY24, which rose to ₹718 crore from ₹540 crore in FY23. Adjusted EBITDA losses have decreased by 67%, from ₹2,400 crore in FY23 to ₹793 crore in FY24.
“As of today, at a consolidated company level, we are on a run rate of ₹65 crore annualised losses, meaning we are losing just over ₹5 crore monthly,” said Manohar Singh Charan, Chief Financial Officer of ShareChat and Moj.
With its improved financial metrics, ShareChat plans to reinvest in growth and is actively seeking inorganic opportunities through acquisitions. Organic growth will focus on expanding the user base and increasing revenue per user. The platform also plans to expand its cap table ahead of a potential IPO within 18–24 months.
CureBay records 8x growth in GMV in H1 FY25
Healthcare platform CureBay has achieved an 8x growth in gross merchandise value (GMV) in H1 FY25 compared to H1 FY24. The company’s annual recurring revenue (ARR) has reached ₹128.4 crore, with a target of ₹200 crore by March 2025.
“Our network of world-class e-clinics, powered by an intelligent tech platform and operated by certified health workers, has profiled over 1.4 million patients, with a 20% conversion rate into active users. Of these, 14% have adopted preventive care memberships, reflecting strong trust and engagement,” said Priyadarshi Mohapatra, Founder and CEO of CureBay.
The company currently serves approximately 55,000 patients each quarter and enrols 18,000 members in its subscription-based healthcare plans.
All Things Baby secures ₹30 crore to fuel expansion
Baby care startup All Things Baby has raised ₹30 crore in a Series A funding round from investors Richa Choksi and Inoventures.
The funds will be used to broaden its product range, expand its international brand portfolio, strengthen its distribution network, and scale its omnichannel presence by launching experiential retail stores across leading metro cities.
The startup, profitable for the past five years, is the exclusive distributor for over 25 iconic global baby brands in India.
True Diamond raises $1 million in seed funding
Lab-grown diamond startup True Diamond has secured $1 million in a seed funding round led by Titan Capital, with participation from Huddle Ventures, Zeropearl Ventures, and prominent angel investors, including founders of RENÉE Cosmetics and Mamaearth.
The capital will be used to onboard jewellery experts, designers, and sales teams, launch boutique outlets in Mumbai and Delhi NCR, and enhance branding initiatives aimed at sustainability-conscious consumers.
Ikin Global secures $1 million in Pre-Series A funding
IoT smart lock brand Ikin Global, created by SectorQube, has raised $1 million in a Pre-Series A funding round led by Unicorn India Ventures and Callapina Capital, with participation from existing investors.
The funds will be utilised to expand the product line with AI-powered analytics, advanced sensor technology, and industry-specific solutions. Ikin also plans to enhance its presence in key geographies, including India, the US, and Europe, while increasing production capacity to meet rising demand.
Avinya Ventures leads pre-seed funding for DevX
Outcome-as-a-Service (OaaS) startup DevX has raised undisclosed pre-seed funding led by Avinya Ventures. The startup claims to have achieved a $1 million annual recurring revenue (ARR) within 18 months of launch.
The investment will focus on strengthening the tech team and driving outcomes for brands. DevX is on track for 5x year-on-year growth and collaborates with leading Indian brands such as Mokobara and Foxtale.
BitSave raises Pre-Series A funding from Leo Capital
Crypto investment platform BitSave has closed its Pre-Series A funding round, raising an undisclosed amount from Leo Capital.
The funds will be used to secure necessary licences, enhance product offerings, and expand brand awareness. BitSave also plans to expand operations to other Asian markets by 2025.
The platform has grown its active client base to over 500 investors, managing assets exceeding ₹4 crore.
Meesho launches GenAI-powered voice bot for 24/7 support
E-commerce platform Meesho has introduced a GenAI-powered voice bot to enhance user experience and provide round-the-clock customer support. The bot currently handles 60,000 calls daily, resolving queries efficiently.
Initially launched in English and Hindi, the bot is set to expand to six regional languages, including Bengali, Gujarati, and Tamil.
“This efficiency has led to a nearly 50% improvement in average handle time (AHT), delivering quicker customer service,” the company said.
Battery Smart appoints Amit Bhardwaj as CFO
Battery-swapping network Battery Smart has appointed Amit Bhardwaj as its Chief Financial Officer. Bhardwaj brings over two decades of experience in financial strategy and risk management.
“As we accelerate growth, Amit’s financial acumen and strategic vision will optimise capital utilisation and drive long-term profitability,” said Pulkit Khurana, Co-founder and CEO of Battery Smart.
